Shenyang pension calculation formula 2022

The formula for receiving pension after retirement: total monthly pension = basic pension+personal account pension. Basic pension = (average monthly salary of employees in the previous year+average monthly payment salary of myself) ÷2× payment period × 1%.

Personal account pension = personal account storage amount ÷ personal account pension calculation and issuance months

Basic pension calculation formula

Basic pension = (average monthly salary of employees in the whole province in last year+average monthly payment salary indexed by myself) ÷2× payment period (including deemed payment period) × 1%= average monthly salary of employees in the whole province in last year (1+ average payment index by myself) ÷2× payment period × 1%.

Note: My indexed monthly average payment salary = last year's average monthly salary of employees in the whole province × my average payment index.